Bitcoin, Ethereum Traders Show Optimism Despite 'Extreme Fear' in Crypto

In brief

• Odds of Bitcoin and Ethereum price bumps are rising on prediction markets, even if sentiment remains bearish.
• Despite the price jumps this week, the Crypto Fear & Greed Index still says the market is in “Extreme Fear.”
• While near-term traders may be leaning bullish, they still don’t expect new all-time highs this year for BTC or ETH.